Metaplanet Adds 775 Bitcoin, Total Reaches 18,888 BTC

Highlights:

• Metaplanet boosts Bitcoin reserves to 18,888 BTC worth $1.94 billion overall.
• Firm continues steady weekly Bitcoin purchases, reflecting long-term confidence in the asset.
• Metaplanet posts strong Q2 earnings, with revenue rising 41% quarter-on-quarter.

Metaplanet, a well-known Japanese Bitcoin treasury firm, has expanded its holdings with another large purchase. CEO Simon Gerovich shared on X that the firm bought 775 BTC valued at around $93 million, paying an average of $120,006 per coin. The company’s total Bitcoin stash has now grown to 18,888 BTC, purchased for nearly $1.94 billion at an average cost of $102,653 per coin. Gerovich marked the achievement with a celebratory note, writing, “18,888 BTC. Onward and upward. Move forward, and soar.”

18,888 BTC.
Onward and upward.
前進、そして飛躍。 pic.twitter.com/T3lHL7B1HU

— Simon Gerovich (@gerovich) August 18, 2025

This step adds to Metaplanet’s series of weekly Bitcoin buys that have caught market attention. On August 4, the company secured 463 BTC for $53 million, followed by another 518 BTC on August 12. Its strategy is similar to other Bitcoin-focused companies that believe in long-term gains from holding the asset. The steady accumulation comes as the crypto market looks ahead to possible boosts, including expected US Federal Reserve interest rate cuts in September.

Financial Performance

Metaplanet began its BTC accumulation strategy in April last year and now stands seventh worldwide in Bitcoin reserves, according to the Bitcointreasuries data. The firm showed strong results in the second quarter, with revenue reaching 1.2 billion yen ($8.4 million). This was a 41% increase from the previous quarter, according to its latest earnings report. 

The company’s net income shifted into profit, climbing to 11.1 billion yen ($75.1 million), after posting a loss of 5 billion yen ($34.2 million) in the first quarter. In its second-quarter report, Metaplanet said it expects full-year revenue to reach 3.4 billion yen and operating profit to total 2.5 billion yen. The company noted that recurring cash-secured-put premiums and overall operational performance will support these targets. 

Yahoo Finance data showed Metaplanet’s stock dropped 8.6% to close at 866 yen on Friday in Japan. By Monday midday, the stock was up 3% while the market was still open. On Sunday, Gerovich acknowledged the recent pullback and said it was natural for investors to feel disappointed, but stressed that the company’s confidence comes from the strong foundation it is building.

Gerovich highlighted that the company’s Bitcoin income operations have expanded consistently for three consecutive quarters. He explained that this steady income strengthens resilience, supports more accumulation, and provides flexibility to handle future financing for treasury operations.

Metaplanet’s Bold Strategy and Growing Influence

Analysts believe the company’s bold approach may inspire other Asian corporations to explore adding Bitcoin to their treasuries. This trend could strengthen further as regulatory conditions become clearer. Japan has often been seen as a leader in digital asset regulation, which gives Metaplanet a supportive backdrop for its strategy. The company’s fast expansion has also been compared to MicroStrategy, which currently holds more than 628,946 BTC. Although Metaplanet’s holdings are smaller, its quick accumulation shows that non-US corporations are starting to follow a similar direction.

I hear the disappointment in the recent pullback. It’s natural to feel that way. But what gives us conviction is the foundation we are building. Let’s review the milestones we’ve reached together, because over time fundamentals prevail. pic.twitter.com/rw3WNa2FRB

— Simon Gerovich (@gerovich) August 17, 2025

Bitcoin slipped 2% over the past 24 hours, hovering near $115,506 after touching a low of $115,046 earlier in the day. The token now stands 7.5% below its recent peak of roughly $124,350 set on Wednesday. Ether also fell 3.4%, changing hands at around $4,320.